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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Your company has more than 500 customers. You plan to set up customer groups in Microsoft Dynamics AX 2012 to support the creation of the customer master. What is the minimum number of customer groups that you must set up?

A) 2
B) 1
C) 4
D) 8

2. In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?

A) Acquisition adjustment
B) Acquisition
C) Disposal sale
D) Disposal scrap

3. When posting year-end transactions in Microsoft Dynamics AX 2012, which posting layer is designed for the closing sheet?

A) Opening
B) Operations
C) Current
D) Closing

4. You need to set up the main account so that the ledger transactions posted to that account are available for the foreign currency revaluation process. In the Microsoft Dynamics AX 2012 Main account form, which fields should you select? (Choose all that apply.)

A) Consolidation account
B) Mandatory reference
C) Monetary
D) Foreign currency revaluation

5. You set up a fixed asset in Microsoft Dynamics AX 2012. You select the Allow asset acquisition from purchasing fixed asset parameter. What is the initial status of the fixed asset?

A) Not yet acquired
B) Suspended
C) Open
D) Scrapped

Solutions: